I sold my UNG holdings because of Cramer being bearish on it and saying it could
have another leg down.
I stay away from stocks that get negative notes. Like FSLR getting a downgrade
and price target to 120. I sold out of it.
SII getting a price target cut to 24$. I sold out of that.
I didnt sell for a loss, but didnt sell for gains. After last years sell off, I
dont have any tolerance for stocks that get downgraded or have people like
cramer that say it has another leg down.
Thoughts?
hi Peter - all stocks are bad unless they go up
1 months ago - Report Abuse
Blurp, you ought to spend the dime and get Dan's SMM as he is awesome. He
discussed the stratgey with UNG last night.
how was UNG a "technical trade", Patrick? There are no bullish technicals
1 months ago - Report Abuse
i would not put all your chips on cramer or some joe analysts.do your own
research and hold what u like not what someone tells u .i sold my ung at 15.74
as i was up almost 15% in less than a week .nat gas will give u many chances to
trade it.the only way i can see nat gas droping to 3 bucks or lower is if oil
has a big pullback .a rising tide will carry all things higher.commodites r all
rallying and if this continues nat gas will rise also as investors see it as the
"cheapest commodite play" as it has not taken pant of the commodite
run
I understand what ur saying Dave. I try not to listen to what people say about
a stock I own. This year I am paying great attenti9on to my portfolio. When a
stock gets a downgrade I look into it. I know the balance sheets of my stocks.
UNG I didnt know as well. That was just a technical trade.
Seeing it was a technical trade and not a big trade, Also a ETF I didnt put much
research into, my level of discomfort went up with the "another leg down" talk.
He was talking specifically about the UNG etf and not natty gas.
All of the commodities have been reflating in recent months. This is a slow
season for natural gas, but an interesting counter-intuitive play to buy names
leveraged to rebounding prices...
As for anyone's stock advice (analyst, guru or not), you have to take it all
with a grain of salt and run it through your own filter before pulling the
trigger.
I thought that he was calling a bottom in NG due to the turn in the economy and
that it was cheaper than coal. He added Devon to his port as well. I'll stick
with my CHK as a long term play.











